Mathematical Derivations of NOEM Sanctions Model

Abstract

This chapter focuses on the equations and derivations discussed in chapter five. New Open Economy Macro (NOEM) models are mathematically intensive and tedious to derive. However, in taking the steps to solve this model, the way sanctions enter and affect the economy is illuminated. Empirical implications of this model are discussed. Any errors or omissions that lead to confusion are my own doing and do not reflect any other author’s work. Table 5A.1 provides a symbol list for the equations in chapters five and five A.